Uability transactions The following items were selected from among the transactions compieted by sherwood co. during the current year: Feb. 15. Purchased merchandise on account from Kirkwood Co, $144,000, terms n/30. Mar, 17. Issued a 60-day, 7 . note for $144,000 to Kirkrood Co., on account. May 15. Pald kirkwood ca, the amount owed on the note of March 17. June 15. Borrowed $133,200 from Triple Creck Bank, issuing a 60-day, 89s note. July 21. Purchased tools by issuing a 572,000, 90-day note to Poulin Co, which discounted the nole at the rate of 7 . for $133,200. Dournalize both the debit and credit to the notes payable account.) Oct 13. Paid Triple Creek Bank the amoont due on the pote of Augurt 14. Oct. 19. Paid Poulin Co. the amount due on the note of Julv 21. Dec 1. Purchased equipment from Greenwood Co. for $120,000, paying $20,000 cash and issuing a series of ten bis notes for $10,000 each, coming due at 30 -diry intervals. payable account. Dec. 31. Pald the amount due to Greehnbod co. on the first note in the series bived on December 1. Reauired: round vour final answers to one decimat ploces. oct. 13 Oct. 19 Des 1 Dec. 12 Decos notes oned to Creepnwood co